During the 2016 campaign, Hillary Clinton proposed spending $275 billion over five years on infrastructure, and Donald Trump promised “at least double” that. Now, the President says he wants to spend “at least $1 trillion” on infrastructure, and Joe Biden says promises $2 trillion in his first term. The ante is being upped, but nothing is happening, and America’s infrastructure keeps failing.
Meanwhile, we desperately need to restart an economy ravaged by COVID. This is the time. Interest rates are at rock-bottom, and investors are ready to deploy capital in the world’s largest market. Massive investment in infrastructure will quickly put Americans to work at home improving roads, bridges, sewage systems, energy pipelines, an electric grid that ranks 26th in the world, airports that are a global embarrassment, and much more.
What’s missing? Money.
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